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Are we back to a normal housing market?

Housing Wire

months , which puts inventory right back into the range we had in the previous expansion. months and above, the builders will pull back on construction. months and above, the builders will pull back on construction. From Census: For Sale Inventory and Months’ Supply: The seasonally? Become a member today.

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Why we can’t build our way out of this hot housing market

Housing Wire

Because that period followed a housing boom and bust when inventory was overbuilt. We first had to whittle down the excess inventory and get our financial house in order (i.e., HousingWire Magazine delivered to your home or office. The previous economic expansion from 2008 to 2019 was the weakest housing recovery ever.

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Biden affordability efforts make no waves in housing industry

Housing Wire

Last week, the Biden administration unveiled a multi-pronged proposal for federal agencies to address the lack of housing inventory, ahead of action from Congress. HousingWire Magazine delivered to your home or office. But Broeksmit pointed out that bigger changes depend on Congress. Start an HW+ Membership now for less than $1 a day.

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What’s Happening With the Nation’s Housing Inventory?

McKissock

The housing market has cooled since the intensity of the post-pandemic real estate rush, but the seller’s market we experienced has left us with plenty of discussion about what the nation’s housing inventory looks like. Housing Inventory So Low? Need for New Construction. Construction Workforce Concerns. Why Is U.S.

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HW+ Member Spotlight: Rich DeNicola

Housing Wire

Rich DeNicola: Inventory is going to persist as a major issue for the foreseeable future. We all know the statistics on how new construction has lagged the needs of the country for the past decade. To view past issues of our HW+ exclusive HousingWire Magazine, go here. To become an HW+ member, click here.

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HW+ Member Spotlight: Stacy Esser

Housing Wire

His recent article, “Purchase apps are at 2009 level: where’s the inventory?” takes a deep dive into what the heck is going on with purchase applications, housing demand and inventory levels. This article, for example, asks why, if purchase applications are down to 2009 levels, are inventory levels still so freaking low?

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A closer look at housing markets across the country

Housing Wire

While we have lots of new construction, there are lots of delays due to shortage of materials and also construction workers,” said Ethel Curbow, an agent at AMAX real estate. By the numbers, Springfield is dealing with a similar high-demand, low-inventory quandary as the rest of the country, though with lower prices.